News

CAREC Launches University Innovation Exchange Program to Drive Regional Collaboration and Innovation

The Central Asia Regional Economic Cooperation (CAREC) is excited to announce the launch of the CAREC University Innovation Exchange Program (UIEP). This program aims to foster collaboration and drive entrepreneurship among universities in the CAREC region. The UIEP opening ceremony took place on July 17 in Almaty, marking an important step towards promoting innovation and […]

ADB approves $2.5 million grant for Georgia’s fight against COVID-19

The Asian Development Bank (ADB) has approved a $2.5 million grant to support Georgia’s ongoing response to the coronavirus disease (COVID-19) pandemic.

Georgia joins the race to produce green hydrogen

The Georgian government, realizing that water currently spilled during the summer months would be put to better use producing hydrogen, has asked the EBRD to explore the country’s potential for generating green hydrogen, which could then be blended and transported to end -users through existing gas pipelines.

Georgia needs more investment in human capital to assure the well-being of its future generations

Young people in the Europe and Central Asia region are being provided with the opportunities needed to grow into productive adults. However, the COVID-19 pandemic is threatening the gains made so far, as governments struggle to maintain health and education services in the face of restrictions to protect public health, including school closings.

Georgia needs more investment in human capital to assure the well-being of its future generations

Young people in the Europe and Central Asia region are being provided with the opportunities needed to grow into productive adults, thanks to continued investments in health and education during their childhood and teenage years, according to the latest update of the World Bank’s Human Capital Index.

EBRD welcomes adoption of key energy efficiency laws in Georgia

The Law on Energy Efficiency and the Law on Energy Performance of Buildings will enable Georgia to realize energy savings of 14% 2025, thereby helping the country to meet its international obligations in combating climate change, increase its energy security and strengthen its energy links with the EU.

ADB $100 million loan to mitigate adverse health, economic impacts of COVID-19 in Georgia

The Asian Development Bank (ADB) has approved a $100 million loan to help the Government of Georgia contain the spread of the novel coronavirus disease (COVID-19) pandemic, mitigate the impact on businesses, and protect the livelihoods of the most vulnerable, including women and children.

EBRD supports Georgia Healthcare Group during the crisis

The EBRD is supporting the healthcare sector in Georgia with a $25 million loan to Georgia Healthcare Group to fund working capital and operational expenditure requirements for the group’s critical role in fighting the coronavirus pandemic in the country.

World Bank pledges $80 million to support Georgia’s response to COVID-19 pandemic

The World Bank will provide $80 million in financial support to Georgia to help the government’s efforts to mitigate and address the health and social impacts of the COVID-19 pandemic.

ADB President discusses COVID-19 support package with Georgian Prime Minister

ADB’s support is expected to focus on countercyclical budget financing, a fast tracked policy based loan for social protection measures, and programs to strengthen the energy, urban water, and vocational skills sectors—all of which are essential to ensuring a strong recovery.